secwatch.observer — SEC 8-K summary
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Issuer:     GULFPORT ENERGY CORP (GPOR)
CIK:        0000874499
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001213900-23-061951
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulfport Energy Q2 beat; raises FY production guidance, cuts cost outlook
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- Net production 1,039.3 MMcfe/d above consensus; net income $93.7M, adjusted EBITDA $144.5M.
- Raises FY 2023 production guidance 1-3% to 1,035-1,055 MMcfe/d; reduces unit costs ~4% to $1.16-1.24/Mcfe.
- Capital expenditures $129.3M in Q2, below consensus; FY capex reaffirmed $425-475M.
- Repurchased 441.5K shares for $41.4M in Q2; total repurchases ~3.8M shares for $325M since program start.
- Completed 1.5M share secondary offering; plans ~$40M for discretionary acreage acquisitions extending inventory ~1.5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874499/000121390023061951/0001213900-23-061951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874499/000121390023061951/ea182636-8k_gulfport.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-061951

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